North Korea installs outdoor power supply for charging piles

What is the charging pile market?

The charging pile market is segmented by type and application, addressing the diverse needs of electric vehicle (EV) users. By type, the market includes AC charging piles and DC charging piles, catering to different charging speeds and energy requirements.

What are the different types of charging piles?

Charging piles are classified into AC and DC types, catering to residential, commercial, and highway installations. The increasing demand for high-power fast chargers is driving market growth, with governments and private entities investing in extensive charging networks.

How many public charging piles will China have in 2024?

China’s public charging piles are expected to reach 3.6 million units by the end of 2024, accounting for nearly 70% of the global total. Meanwhile, South Korea is set to lead in growth, with an anticipated annual increase of 39%. The country remains on track to achieve its target of 500,000 public charging piles by 2025.

What is a DC charging pile?

DC Charging Pile: DC charging piles represent approximately 35% of the market, primarily installed in public locations for fast charging. These chargers can replenish an EV battery up to 80% within 30 minutes, making them essential for highway corridors and urban transit hubs.

Will public EV charging piles continue to grow?

While the growth of public EV charging piles may slow, it will maintain steady positive momentum due to its crucial role in addressing range anxiety and supporting the NEV market. Join us on December 12 at Villa Fontaine Grand Tokyo Ariake for an insightful seminar hosted by TrendForce.

Where are EV charging piles located?

As of October 2024, nearly 20% of China’s public EV charging piles are located in Guangdong Province. In Europe, the combined share of public charging piles in the Netherlands, Germany, and France stands at 58%. And in the U.S., 26% of public charging piles are concentrated in California.